45% of Black and Latino small business owners anticipate closing within 6 months

https://www.politico.com/newsletters/politico-nightly-coronavirus-special-edition/2020/05/19/the-lasting-damage-to-black-and-latino-communities-489269

by noad • 6 years ago

21 12 6 years ago

politico.com

pmdulaney2• 6 years ago

Well, how about businesses owned by East Asian, Israeli, and Iranian immigrants?

Mikeb853• 6 years ago

How about small businesses owned by anyone?

Lots of estimates are circulating that 50% of all independent restaurants will close. No matter who owns them.

pmdulaney2• 6 years ago

My point exactly. I detest identity politics!

MyHypatia• 6 years ago

If hamburger restaurants are more likely to close than sandwich restaurants, that's interesting and useful information. If restaurants owned by asian/black/brown/white are more likely to close than the average that is useful information as well, and can tell us about different people's access to capital. Including data on race provides more information on which businesses are closing. If race is a statistically significant variable in which businesses are closing, why willfully ignore that variable?

raincom• 6 years ago

Commercial rents will kill off many small businesses.

throwawaysea• 6 years ago

Isn't there lasting damage to all businesses that aren't big corporations (who can better weather the storm, navigate stimulus help, etc.)? Why would the impact be any different for different races? It seems odd to run a headline like this.

rayiner• 6 years ago

Why would the impact be any different for different races?

Have you ever been to America? The kinds of businesses likely to be owned by different races of people--and the kinds of communities those businesses serve--very significantly.

noad2• 6 years ago

You can actually read the article instead of just scratching your head, it goes through the numbers on how they are not being approved for assistance loans at nearly the same rates as white-owned small businesses.

Mikeb853• 6 years ago

You can actually read the article instead of just scratching your head, it goes through the numbers on how they are not being approved for assistance loans at nearly the same rates as white-owned small businesses.

It doesn't (it actually doesn't provide any stats on white-owned business nor even survey results). It merely implies it based on results from a survey of black and Latino business owners.

mensetmanusman• 6 years ago

Large corporations trying to make supplies to fight the virus are being slowed down by the collapse of the economy and the supply chain.

Turns out you need the economy to fight the virus.

45% of Black and Latino small business owners anticipate closing within 6 months

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